China Nonferrous Mining Corporation (1258) investor relations material

Executive summary

• Revenue declined 10.4% year-over-year to US$3,420.1 million, mainly due to lower sales volume of self-produced copper products and higher processing for external enterprises.

• Net profit rose 4.6% to US$583.2 million, with profit attributable to owners up 1.5% to US$404.3 million, driven by higher global copper prices.

• Gross profit increased 1.3% to US$1,062.5 million, with gross margin improving to 31.1% from 27.5% due to a shift toward higher-margin processing services.

• Final dividend proposed at US¢4.1446 per share, subject to shareholder approval.

Financial highlights

• Revenue: US$3,420.1 million (down 10.4% YoY).

• Net profit: US$583.2 million (up 4.6% YoY).

• Profit attributable to owners: US$404.3 million (up 1.5% YoY).

• Basic EPS: US¢10.36 (HK$0.81), nearly unchanged YoY.

• Gross profit: US$1,062.5 million (up 1.3% YoY); gross margin: 31.1% (up from 27.5%).

• Operating cash flow: US$938.7 million (up from US$775.2 million).

• Capital expenditure: US$314.9 million (up from US$168.8 million).

Outlook and guidance

• Expects global copper prices to remain high due to tight supply-demand, supporting profitability.

• Plans to focus on stable production, cost reduction, efficiency, and technological innovation in 2026.

• Will advance key expansion projects and enhance ESG and governance.